FIN 375 Week 5 DQs DQ 1 1. What are the differences between short- and long-term financing? 2. What are some of the popular types of short-term financing available to small businesses? 3. Suppose you own a small business. What is a situation where short-term financing would be beneficial for your company? Explain why. DQ 2 1. What types of benefits and services must a small business expect from a bank that it has a merchant account with? 2. What other useful tools, such as inventory management assistance or a point of sale system (POS), would a bank offer its customers? 3. Suppose you own a small business and are researching with which bank to open your merchant account. Which benefit, service, or tool offered by banks is most important for you? Explain why. DQ 3 1. How might collateral be used to secure long-term financing? 2. What are the advantages and disadvantages of using collateral to secure long-term financing? 3. If you owned a small business, what types of situations would warrant using collateral to secure long-term financing?